Nick Jenkins, the founder of Moonpig.com, has
taken a 50 per cent stake in apparel cataloguer/retailer Smart
Turnout. Jenkins told the Express, “The trick is to spot things
before they become big and Smart Turnout has all the hallmarks of
a brand that’s going to be huge.”
Also from the Express, LK Bennett secured
a £16 million refinancing to help drive its international
expansion. The new debt has come from Lloyds Bank Wholesale
Banking & Markets Acquisition Finance, replacing a facility put
in place when private equity firms Phoenix Equity Partners and
Sirius Equity bought the retailer in 2008.
At the eleventh hour the Information Commissioner’s Office
published new guidelines on the cookie law-less than one day
before the law came into effect. The ePrivacy Directive
previously called for “explicit consent”-that is
asking visitors to website to explicitly agree or “opt
in” to have cookies set on their machines. New guidelines,
published on Friday, confirmed that an implied consent mechanism
is a valid form of consent. With regards “prior”
consent, the ICO says that dropping cookies onto a user’s device
should be delayed until he understands the type of cookies being
used and indicates his consent. However, if this isn’t possible,
websites will need to prove that they are trying to ensure that
the user receives information about the cookies being used as
soon as possible. The ICO website has more information.
Hold the front page! Big news from the Telegraph: Party Pieces uses
affiliate marketing.
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